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Your book taught me to take control of my money and go to university so I could do something fulfilling. The numbers for non-homeowners are $482,500 and $616,000 respectively. Years ago I met you at a money show in Adelaide. Don’t follow the herd and back last year’s winner – that’s a recipe for disaster. The seminar cost $49, lasted all day and included lunch and books (written by Margaret) to the value of $200. I did contact you a few years ago to let you know how profound your book 'Making Money Made Simple' was for me. Make sure your wills are up-to-date and include a testamentary trust if that is appropriate. (Maybe I wasn't paying attention!) Noel, Boom or bust, it's still a case of buyer beware. Learn more. I guess it depends who you talk to. I feel inspired and optimistic about the future. I have read every book you have authored and I have just finished your latest 25 years of Whitt & Wisdom

Hi Noel, I look forward to reading your new book and passing on good financial habits to my 19 year old nephew Jayedan who along with my sister Rosalynd and mother Betty benefited from your informative presentation. Download Full Article, IS the glass half full or half empty? The Dow Jones had its eight-biggest decline in history, markets all over the world tumbled, and of course the Australian market crashed as well. The employer groups responded with a call for a cut in company tax and the abolition of payroll tax... small business a much-needed boost by cutting their company tax by... If a person contacts you by phone with an offer of an investment, or even to help you pay your mortgage back faster, hang up. Our life would have been substantially different if I hadn't read your book and figured out that investing was something that had to be taken seriously and from a young age. I now have been keeping a balance sheet and a profit/loss account of sorts for about 10 years. You may also be interested in some of the income related tools provided by the Government of Canada. If you’re currently serving in the armed forces. You told her not to put it in super but instead use a bank account ‘‘that pays reasonable interest’’. Smart tax planning means deferring income while bringing forward expenses. When assessing eligibility for the aged pension applicants are given an income test and an assets test – the test that produces the least amount of pension is the one used. What do you think the government has in store for us? The challenge is now getting my partner on board! You can review your cart here. There isno need to worry – Prime Minister Tony Abbott has recently pledged there will be no adverse changes to superannuation in the life of... From 1 July 2020 a single pensioner could earn $178 a fortnight and still be eligible for the full single pension of $944.30 a fortnight, including all supplements.
Understand the basics that never change, and take advice on the things that do. Download Full Article, WHAT a week it's been. Australia’s current economic state can be blamed on the GFC. I also have given a copy for Christmas your book to my son who is a practising CPA as the life lessons you talk about are spot on. All I know is that I was always ready I just needed the right people to guide me. He worked in a cafe in Canberra. They can also earn $300 a fortnight each from personal exertion – this is not included in the income test. ‘‘FORGIVE them Lord, for they know not what they do,’’ said Jesus Christ, as he was about to be crucified. In fact, Edinburgh in Scotland has a Library ofMistakes which contains more than 6000 volumes that chronicle a whole litany of financial misfortunes. It would be great to take advantage of negative gearing, but I assume using the investment property as security for a home loan wouldnt allow me to do that. There is just one problem – it’s unsustainable. Thanks Noel. Make sure your children have adequate insurance. This helps us work out how successful our advertising is, so we can improve our ads and our website. A Treasury spokesperson assures me that existing CSHC holders with current retirement income balances in an account based pension of more...

While I'm studying it's not a lot of money, but I know it will change from next year.   Each year assess whether it is to your benefit to stay in super.

this begs the question-should you move or renovate? I just wanted to give you a big thank you for everything you've done for me, without even realizing it. Kindest regards, Your books and I together have got to 2015 with most of the loans (the interest-bearing ones anyway) paid off, a car owned outright, and almost enough in my offset account to make my mortgage payments interest free (albeit with the help of a legacy along the way). Hi Noel,  I always read  your column in the Sunday times WA and love your newsletters. Please note: Calculated answers include all supplements and if calculated for a couple is the joint pension. Noel and Margaret. Borrowing for investment is a great strategy because it puts assets at work for you early in your life. With my sincere thanks, Find out more about how cookies are used on this site and why we want to use them. To help us improve GOV.UK, we’d like to know more about your visit today. I have a loving family and I've self published two science-fiction books of my own, with two more in the pipeline. Make sure you set goals – they are the essential ingredient in your success. My dad said today that I'm very lucky. I'm 33 years old and in my final year of study (I'm mid-career change). Understand compounding, and appreciate that the rate of return your portfolio can achieve will be a major factor in how long your money will last. One thing is clear... The most important advice I followed was to live on one income when the wife and I. had two incomes coming in, it has enabled us to accumulate wealth in-spite of some bad decisions. Home contents, cars and boats are valued at market value – not replacement value. One of the most expensive evenings you can go to is a “free” investment seminar. For example, if you have money to spare, think about placing it ona term deposit with the interest maturing after June 30. Download Full Article, HOW safe is my super? I didn't start earning a proper income until 1996 due to travel and study, but between 1996 and 2015, I paid off my first home in 2002, did the same with my wife in 2008 after selling the first home for a substantial profit, and we now have a very, very healthy portfolio of shares and a few managed funds. Give Enduring Powers of Attorney and an Advance Health Directive to trusted people. Becoming wealthy depends more on how you manage your money, than how much you earn.

time to time but also... Especially to clients the advice “if it seems too good to be true it is” Download Full Article, There are a number of strategies you can use to help reduce your tax bill. I just stopped by to sign up for your newsletter. Money disappearing into super with the promise you’ll see it again in 20 years? Take heart – the sad truth is that the human body is not wired for long-term planning. THANKS to some decisive action by Challenger some of our most vulnerable senior citizens have been spared a... Before planning for 2015, understand recent legislative changes. Download Full Article, In the budget, the Coalition promised that people aged between 65 and 75 would be able to contribute to superannuation without passing a work test. Download Full Article, THE EXPLAINER - How to boost the pension by $792 a fortnight, MY wife is 62 and currently has a Transition to Retirement super pension as well an associated accumulation account.

Pension Projection Calculator: Access the secure mypensionplan.ca site and use your actual pensionable salary and service to project your future pension. I was a bit of a late bloomer, financially. Taking charge of our own destiny was the best thing we did. A single homeowner can have up to $583,000 of assessable assets and receive a part pension – for a single non-homeowner the lower threshold is $797,500.

It is interesting to note that I agree 100% with your opinions without exception and the advice I have given clients over the years are simply the same as your recommendations. I seem to remember reading in one of your earlier newsletters of you offering  to help point me in the right direction re: who to talk to? NOTE: These settings will only apply to the browser and device you are currently using. However, employer contributions are ... PS. I'm now putting aside 10% of my gross income for investments, no exceptions. These include the state of your health, the extent of travel you are planning, and how often the children are likely to put their hands out for help.... Once a person has more than $1.6million in superannuation they will not be allowed to make any non-concessional contributions. To cut a long story short, I took out a basic AMP investment portfolio (on the advice of a good friend who had no time for spruikers, but had been impressed by a local AMP rep in Bendigo), and over 10 years earned enough from that and my occupation (firefighter) to buy a house and have it paid off in 5 years. You may wish to buy the book for yourself, even better; it will probably be the best $50 you have ever spent! Just a quick email to say thank you. Download Full Article, THIS month, expect to receive a most important document - your annual superannuation statement.   Finally – keep in mind that your potential worst enemies can be the media who focus on the negative, and well-meaning acquaintances who may give you information that may be half right. Download Full Article, Forego instant gratification in favour of the thrill of accruing real wealth. WEALTH creation is becoming a dirty joke in Australia. Investors should use market turbulence as a time to buy, not to sell.

Yes, there is a link on the website, or you can go direct to Kobo or Amazon Kindle. The shonky advisers you’ve read about in the papers, who left their clients penniless? I’ve given copies to both my kids as well. If we draw on existing super to pay the deposit for our new (smaller) home, are we able to replace that money into our super on the sale of the old home or will we be subject to the. FINANCIAL loss is nothing new.

I just can't get enough!
His advice is general in nature and readers should seek their own professional advice before making financial decisions. I have also given copies to a number of acquaintances and have had the pleasure of watching some of them follow your advise and prosper. Giving a book about money matters is an investment for the future. publicised. The interest will then be taxed next year. I refer to the new first-home super saver scheme. Contrary to the spin,... It is not an exaggeration to say that in my case at least, he has made me aware of information which has earned me millions of dollars! Download Full Article, Tax reform is back on the agenda, with the usual suspects establishing their positions. I would also like to thank you for the assistance books and news articles have given me over the years. Download Full Article, A simple super strategy works, and need not break the bank. Centrelink income tests for retirees kick in on January 1. Download Full Article, ‘‘DO you really need a million dollars to retire?” It’s the question that has been dominating the media all week.

Your advice has always been clear, sensible and straightforward and I wanted to say thanks for making sense of investing We use this information to make the website work as well as possible and improve government services. I graduated medical school in 2007 with a huge debt and just enough money leftover for a deposit on a car. Some assets are exempt – these include the family home, assets in superannuation under pension age, funeral bonds up to $13,500 for a single bond, an accommodation bond paid to an aged care facility, and gifts within the allowable limits. Dear Noel Use the Pension Estimator to compare between different retirement scenarios you may be thinking about. They can also earn $150 a week from personal exertion – this is not included in the income test. Is there any way to withdraw equity from it to buy a home to live in, besides selling?

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